Fuel prices reduced
Posted by ONLANKA Newsroom on November 30, 2018 - 5:48 pm
The Ceylon Petroleum Corporation (CPC) will reduce the prices of petrol and diesel by Rs 5 per litre with effect from midnight today (Nov. 30), Minister of Petroleum Resources Development Gamini Lokuge said.
Accordingly a litre of 92 Octane has been reduced from Rs.141 to Rs.135 and a litre of 95 Octane has been reduced from Rs.164 to Rs.159.
A litre of Auto Diesel has been reduced to Rs.106 from Rs.111 while Super Diesel has been reduced from Rs.136 to Rs.131.
This is the third time that fuel prices have been revised since the 26th of October.
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In the month from 26 Oct 2018 to date, oil price in the World Market has REDUCED from USD 76 per barrel to USD 50 per barrel.
Had Mangala Samaraweera’s FORMULA been applied to fuel prices in SL, the price should have GONE DOWN by approximately 20%.
The Fake Minister for Finance announce arbitrary price cuts by much less than World Oil Price reductions.